CPG stock: buy or sell?

CPG stock price: $2.70 -5.92% At close on February 26th, 2020

Updated on:
February 26th, 2020

1

Crescent Point Energy shares plunged -5.92% to $2.70 today. With Wednesday it's been 4 sliding days in a row, loosing $-0.58 (-17.79%).

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States.

Should I buy CPG stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Crescent Point Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Crescent Point Energy stock a buy?

Financial institutions and banks publish stock ratings everyday. Unfortunately, we couldn't find any rating for CPG stock for the last month.

CPG stock analysis

Daily outlook

Crescent Point Energy plunged a dreadful -5.92% and closed at $2.70.

Crescent Point Energy plunged a dreadful -5.92% and closed at $2.70. For the last 33 days when CPG stock price broke down the SMA200d line, it slid $-1.14 per share (-29.69%).

CPG stock chart (daily)

Weekly outlook

Crescent Point Energy shares plunged -15.09% this week, ending at $2.70.

Crescent Point Energy stock fell under the support line what triggered further losses. Since late January, when CPG stock price broke down the 40-weeks moving avarage line, it slid $-1.50 per share (-35.71%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since SMA20w and SMA40w crossed up by mid July 2019, CPG price slid a -19.40%.

CPG stock chart (weekly)

CPG stock price history

CPG stock went public on July 21st, 2006 with a price of $6.781. Since then, CPG stock lost a -60.20%, with a yearly average of -4.60%.

1: Adjusted price after possible price splits or reverse-splits.

CPG stock historical price chart

CPG stock reached 52-week highs on January at $4.84, and all-time highs 2014-07-01 with a price of 31.86.

CPG stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' CPG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target for Crescent Point Energy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Crescent Point Energy let down analysts on March when it posted an Earnings per Share (EPS) of $-0.02 when the analysts' forecast was $0.09.
CPG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.22n/a
2017-Q2-n/a0.16n/a
2017-Q3-n/a-0.51n/a
2017-Q42018-03-010.08-0.05n/a
2018-Q12018-05-030.050.0980.0%
2018-Q22018-07-260.090.1566.7%
2018-Q32018-10-250.080.1137.5%
2018-Q42019-03-070.09-0.02n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Crescent Point Energy annual revenues skyrocketed an extraordinary 17.29% to $3,320.50 million dollars from $2,830.90 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) plummed a -74.43% to -78.81%.

CPG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,880 M-$145 M5.0%-
2014$3,460 M20.14%$509 M14.7%251.25%
2015$2,364 M-31.67%$-870.20 M-36.8%-271.00%
2016$2,185 M-7.60%$-932.70 M-42.7%7.18%
2017$2,831 M29.58%$-124.00 M-4.4%-86.71%
2018$3,321 M17.29%$-2,616.90 M-78.8%2,010.40%

Quarterly financial results

Crescent Point Energy reported $671.50 M in revenues for 2018-Q4, a -26.29% less compared to previous quarter. Reported quarter earnings marked $-2,390.50 M with a profit margin of -355.99%. Profit margin plunged a -359.34% compared to previous quarter when profit margin was 3.35%. When comparing turnover to same quarter last year, Crescent Point Energy sales marked a frightening loss and collapsed a -13.27%. Looking back to recent quarterly results, Crescent Point Energy posted 2 negative quarters in a row.
CPG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$693 M-$119.40 M17.2%-
2017-Q2$693 M-0.04%$83.60 M12.1%-29.98%
2017-Q3$652 M-5.83%$-270.60 M-41.5%-423.68%
2017-Q4$774 M18.72%$-56.40 M-7.3%-79.16%
2018-Q1$806 M4.12%$-90.70 M-11.3%60.82%
2018-Q2$932 M15.61%$-166.20 M-17.8%83.24%
2018-Q3$911 M-2.24%$30.50 M3.3%-118.35%
2018-Q4$672 M-26.29%$-2,390.50 M-356.0%-7,937.70%

Crescent Point Energy ownership

When you are planning to invest in shares of a stock, it's worth to have a look its ownership structure.

Crescent Point Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.25% of all shares.

In case of Crescent Point Energy stock, 42.27% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CPG stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Crescent Point Energy:

CPG
Market cap$1.5 B
Total shares545.2 M
Float shares539.0 M
  - Institutional holdings (%)42.3%
  - Insider holdings (%)0.2%
Shares in short selling0.0%

CPG summary

Wednesday, February 26th, 2020
Open$2.88
Close$2.70
Day range$2.70 - $2.91
Previous close$2.87
Session gain-5.92%
Average true range$0.15
50d mov avg$3.80
100d mov avg$3.81
200d mov avg$3.63
Daily patternlt01c
Weekly pattern lt06c

Crescent Point Energy performance

To better understand Crescent Point Energy performance you must compare its gains with other related stocks in same sector or industry. We compared Crescent Point Energy against in the following table:
Stock3m6m12m
CPGCrescent Point En...-22.64%-14.29%-14.83%

Crescent Point Energy competitors

Unfortunately, we could not find any public company that could be defined as Crescent Point Energy competitor. This doesn't mean Crescent Point Energy does not have any competitor in the market, it's just we could not detected it.